The inclusion of Business Angels in the range of ‘informal’ (as opposed to ‘institutional’) investors
provides us an indication that there are potential difficulties in measuring the size of the Business
Angel community. Mason and Harrison identify two main problems, identification and definition.
Regarding the former, in his seminal work on Business Angels, William Wetzel (1983) notes that
the total population of Business Angels is unknown and probably unknowable on account of their
invisibility, desire for anonymity, and the undocumented nature of their investing. Most studies are
based on samples of convenience, such as angels who are members of Business...
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The Role of Investment Funds in Romania
The Role of Investment Funds in Romania
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